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accounting News

US House Ways And Means Adopts Tax Reform Law

by Mike Godfrey,, Washington

Friday, November 10, 2017

The House Ways and Means Committee has passed the Tax Cuts and Jobs Act after a final markup, including in it a lower tax rate for pass-through income introduced as part of a second package of amendments. Read Full Story


UK Urged To Cushion Small Firms From 'Making Tax Digital' Reforms

by Jason Gorringe,, London

Wednesday, November 1, 2017

The Low Incomes Tax Reform Group has called on the UK Government to ease the penalties under the Making Tax Digital initiative and to launch a campaign to educate small businesses about the changes. Read Full Story


UK Firms' Financial Reporting More Transparent: FRC

by Amanda Banks,, London

Monday, October 30, 2017

Whilst corporate reporting by large listed companies is generally good, detailed explanations and clarity could still be better, according to the Financial Reporting Council's recently released Annual Review of Corporate Reporting. Read Full Story


EU Council Approves VAT Derogations For Four States

by Ulrika Lomas,, Brussels

Thursday, October 19, 2017

In Volume 60 of the Official Journal of the European Union (L 265), published October 14, the European Council approved four proposals for council implementing decisions in respect of derogations sought by member states from the EU VAT Directive. Read Full Story


HMRC Begins Offering Instructional VAT Webinars

by Jason Gorringe,, London

Friday, October 6, 2017

On September 29, the UK tax authority, HM Revenue and Customs, announced that it will run webinars to support companies to get started with registering, accounting for, and remitting value-added tax. Read Full Story


IPF Counts Cost Of Polish Interest Deduction Changes

by Ulrika Lomas,, Brussels

Thursday, October 5, 2017

Consumer credit company International Personal Finance has said that changes to Poland's corporate tax law approved by the Government recently will have a significant impact on its business. Read Full Story


NZ Guides On New Method For Calculating Provisional Tax

by Mary Swire,, Hong Kong

Wednesday, September 27, 2017

From April 1, 2018, New Zealand businesses with a turnover of no more than NZD5m (USD3.6m) will be able to use the new accounting income method for calculating provisional tax liability. Read Full Story


EU Unveils Proposals On Digital Taxation

by Ulrika Lomas,, Brussels

Friday, September 22, 2017

The European Commission has published its vision for the "fair taxation" of the digital economy, with options including a new EU equalization tax on the turnover of digitalized companies. Read Full Story


Hong Kong Proposes Enhancing Tax Loss Relief For Groups

by Mary Swire,, Hong Kong

Thursday, September 14, 2017

Hong Kong's Financial Services Development Council on September 11 released a report entitled "A Proposal for the Introduction of Group Tax Loss Relief in Hong Kong," which proposes tax refinements with a view to encouraging corporate groups to undertake investment activities in Hong Kong. Read Full Story


Paper Looks At 'Tax Haven'-Use Trends Globally

by Mike Godfrey,, Washington

Wednesday, September 13, 2017

The US-based National Bureau of Economic Research has released a new report that looks at which countries' taxpayers have the most wealth stored in so-called "offshore tax havens." Read Full Story



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